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CC RESOLUTION 141RESOLUTION NO. 141 A RESOLUTION OF THE BOARD OF TRUSTEES OF THE CITY OF El SEGUNDO, CALIFORNIA, PROVIDING FOR THE ISSUANCE OF STREET IMPROVEMENT BONDS FOR THE WORK OR IMPROVEMENT OF A CERTAIN PORTION OF GRAND AVENUE AND OF A CERTAIN PORTION OF RICHMOND STREET WITHIN THE SAID CITY, AS PROVIDED FOR IN RESOLUTION OF INTENTION NO. 109, PASSED AND ADOPTED ON THE 26TH DAY OF SEPTEMBER, A. D., 19269 PRESCRIBING THE DENOMINATIONS OF SUCH BONDS AND OF THE INTEREST COUPONS ATTACHED THERETO; AND DIRECTING DELIVERY THEREOF. WHEREAS, the Board of Trustees of the City of E1 Segundo, California, did on the 26th day of September, A. D., 19269 pass its Resolution of Intention No. 109 for the improvement of a certain portion of Grand Avenue and of a certain portion of Richmond Street within the said City, under and pursuant to the provisions of the Improvement Act of 1911, and the amendments thereto, reference to which said resolution of intention (which Is now on file in the office of the City Clerk of said City and open to public inspection) is hereby expressly made for farther particulars; AND, NNEREAS, thereafter all necessary resolutions, notices and other proceedings of said Board were duly and regularly adopted and taken in said matter; the contract for said work ar improvement was duly awarded and thereafter duly completed to the satisfaction of the Superintendent of Streets of said city and of this Board; whereupon a warrant, diagram and assessment were made, recorded and delivered to the contractor in time, form and manner as required by said act; and the contractor having made due return 0 1- thereon, and the same having been duly reoorded; AND, WBEREAS, on the 14th day of Jane, A. D., 1926, the Street Superintendent of said city made and filed with the Clerk of this Board a complete list of all the assessments unpaid thereunder, showing the respeotive assessment or diagram numbers of suoh unpaid assessments; the lots or paroele of land desoribed in eaoh of snoh respeotive assessments, and the respective amounts of esoh suoh unpaid assessusat; said list also showing the total or aggregate amount of snoh unpaid assessments to be the sum of Six Thousand Seven Hundred Three sad 47/100 Dollars ($6,703.47), whereupon said Clerk gave notice of the filing of said list, and fixed in said notioe Friday, the 2nd day of July, 1986, at the hour of 7:30 o'olook P. H. of said day as the time when interested persons might appear before the Board of Trustees in the Counoil Chamber of the City Hall of said pity, and shat osuse why bonds should not be issued upon the seourity of the unpaid assesss�eants shown on said list, said time being at a regular meeting of said Board held on said date, and no protests or obJeotions having been made in the said matter, and there therefore being no suoh protests or obJeotions to pass upon; and Assessments Nos. 1, 29 17, 180 199 20, 899 379 38, 539 579 259 68 and 69 in the aggregate amount of One Thousand Five Hundred Five and 60/100 Dollars ($1,505.60) having oeen paid after the filing of said unpaid a.ssesamant list$ and prior to the said hearing on the 2n4 day of July, 1926: NOWP THEREFORE, it is hereby determined that the assessments now remaining unpaid under said prooeedings, and the aggregate amount of the same are as follows: 0 ASST. NO. BLOCS LOT AMOUNT 3 Block 43, B1 Segundo Sheet No, 3, Map Book 20, Pages 22 dnd 23 24 $239.56 5 Block 229 E1 Segundo Shoot No, 1, Yap Book 18, Page 69 26 239.56 6 " 1 7 Em 3b .84 7 " 2 85.54 8 " 3 85.54 9 " 4 85.54 10 5 85.54 11 If 6 85.54 12 " 7 85.54 13 " 8 85.54 14 " 9 85.54 15 If 10 85.54 16 It 11 85.54 21 Block 119 B1 Segundo Sheet No. 10 Yap Book 181 Page 69 3 85.54 22 " 4 85.54 26 " 8 85.54 27 " 9 85.54 28 " 10 85.54 30 " 12 85.54 31 " 13 85.54 32 " 14 85.54 34 If 16 85.54 35 " 17 85.54 36 " 18 85.54 39 Block 129 El Segundo Sheet No. It Map Book 18, Page 69 12 85.54 40 It 13 85.b4 41 IF 14 85.54 42 If 15 85.54 43 " 16 85.54 Em ASST. NO. BLOCS LOT AMOUNT 44 Blook 12, E1 Segundo Sheet No. 1, Hap Book 18, Page 69 17 85.54 45 " 18 85.54 46 " 19 85.54 48 " 21 85.54 49 " 22 85.64 50 " 23 85654 51 " 24 85054 52 " 25 85.54 54 " 27 85.54 55 " 28 85.54 56 " 29 85.54 58 " 31 85.54 59 Blook 219 B1 Segundo Shoot No. 19 Hap Book 18, Page 69 9 Exempt 60 " 10 Exempt 61 " it Exempt 62 " 12 85.54 63 " 13 85.54 64 " 14 85.54 65 " 15 85.54 66 " 16 85.54 70 " 20 85.54 71 " 21 357059 72 " 1 239.56 TOTAL $50197.87 AND, WHEREAS, the tota-1 or aggregate amount of said assesemente so unpaid is the sum of Pive Thousand One Hundred Ninety -Seven and 87/100 Dollars ($5,197.87) and it is so found to be by this Board: 4- NON, THEREFORE, in consideration of the foregoing premises, the Board of Trustees of the City of E1 Segundo, California, do further resolve, declare, determine and order as follows: SECTION 1. That bonds shall be issued upon the security of the said unpaid assessments to said amount of Five Thousand One Hundred Ninety -Seven and 87/100 Dollars ($5,197.87), in accordance with the pro- visions of said "Improvement Act of 1911 ", and amendments thereto, and of that certain act of the Legislature of the State of California, commonly known, designated and referred to as the "Improvement Bond Act of 1915 ", and amendments thereto, and under and pursuant to the resolutions, notices and proceedings of this Board, duly adopted and taken in said matter; that said bonds shall be called "Improvement Bonds ", shall be ten (10) in number; shall be dated the 2nd day of Jaly, A. D., 19269 being the date of the adoption of this resolution, and shall bear interest at the rate of seven per cent per annum from the 14th day of June, A. D., 1926, being the date of the filing with the City Clerk of the Street Superintendent's List of Unpaid Assessments relating to the within matter, and that the denominations of said bonds and the interest coupons required to be attached thereto, with their respective numbers and dates of maturity are as follows: SERIES NUMBER DENOMI- AMOUNT OF AMOUNT OF DATE OF NATION FIRST SEMI - ANNUAL MATUR- INTEREST INTEREST ITY COUPON COUPON "A" under Resolu- tion of Intention No. 109 1 $519.78 $20.41 $18.20 Jaly 20 1927 "B" under Resolu- tion of Intention No. 109 1 $519.78 $20.41 $18.20 July 20 1928 5- SERIES NUIMER DENOMI- AMOUNT OF AMOUNT OF DATE OF NATION FIRST SEMI - ANNUAL MATUR- INTEREST INTEREST ITY COUPON COUPON "C" under Resolu- tion of Intention No. 109 1 $519.78 $20.41 $18.20 July 2, 1929 "D" under Resolu- tion of Intention No. 109 1 $519.78 $20.41 $18.20 July 29 1980 "E" undo r Re a olu- tion of Intention No. 109 1 1519.78 $20.41 $18.20 July 2, 1981 "F" under Resolu- tion of Intention No. 109 1 $519.78 $20.41 $18.20 Daly 29 1952 "a" under Resolu- tion of Intention No. 109 1 $519.78 $20.41 $18.20 July 2, 1955 "S" under Resolu- tion of Intention No. 109 1 $519.78 $20.41 $18.20 July 20 1954 "I" under Resolu- tion of Intention No. 109 1 $519.78 $20.41 $18.20 July 2, 1985 "J" under Resolu- tion of Intention No. 109 1 $519.85 $20.41 $18.20 July 2, 1956 SECTION 2. That said bonds shall be issued in series, and the assessments remaining unpaid at the date hereof, as hereinabove determined by said Board of Trustees (City Council) of said city, together with interest thereon, shall remain and constitute a trust fund for the redemption and payment of said bonds and of the interest which mqr be due thereon, which unpaid assessments shall be payable in annual series corresponding in number to the number of series of bonds, aid such proportion of each assessment coming due in any year, together with the annual interest thereon, shall in turn be payable in installments as the general municipal taxes of the said City of E1 Segundo on real property are payable, and sball become delinquent at the same times arm in the same proportionate amounts, and M bear the same proportionate penalties after delinquency. That said bonds shall be signed by the Treasur- er of said City of E1 Segundo, and countersigned by the City Clerk thereof, who shall affix thereto the official seal of said city; that the interest coupons affixed thereto shall be signed by the Treasurer of said city, or bear his engraved or lithographed signature; and that said bonds shall be substantially in the form set forth in said "Improvement Bond Act of 1915 ". The interest coupons attached to each of said bonds and evidencing the interest to acorns thereon shall be numbered consecutively, and shall be substantially in the following form, to -wit: EL SEGUNDO, CAL. The sum of Dollars is payable to bearer it the office of the City Treasurer 2nd, out of Improvement Bond Fund, Series for semi - annual interest on Street provement Bond No. City Treasurer SECTION S. That the City Clerk of said City be sad he is hereby authorized and directed to deliver forth- with the bonds hereinbefore enumerated to The Elliott- Horne Co., of Los Angeles, California, assignee of the Contractor, Los Angeles Electric Works, Ino., of Los Angeles, California, in fall satisfaction of the balance due upon their assessment and warrant. SECTION 4. That the City C1e3k of said city shall certify to the passage and adoption of this resolu- tion; shall cause the some to be entered in the Book of Resolutions of said pity, and shall make a minute of the adoption thereof in the records of the Board of Trustees 7- of said oit y in the minutes of the meeting at which the same is passed and adopted. Passed, approved and adopted this 2nd day of July, A. D., 1926. President of the Board of Trustees of the City of El Segundo, California, (SEAL) STATE OF CALIFORNIA ) ) COUNTY OF LOS ANGELES ) SS. CITY OF EL SEGUNDO ) I, viotor D. MoCarthy, City Clerk of the City of El Segundo, CaliZzaia, do hereby certify that the whole number of members of the Board of Trustees of the said oity is five; that the foregoing resolution, being Resolution No. 141, was passed and adopted by the said Board of Trustees approved mad signed by the President of said Board, and attested by the City Clerk of said pity, all at a regular meeting of the said Board held on the 2nd day of July, 1926, and that the same was so passed and adopted by the following vote: AYES: TRUSTEES Cannon, Gerop, Krbwel, Lore and Binder NOES: TRUSTEES None ; ABSENT: TRUSTEES None (SEAL) Of Mh§ --Q� o f Segundo, California. a.